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Bamaiyi’s Book: IBB Offered to Make me Interim Govt Head –Falae

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Olu Falae
  • Bamaiyi’s Book: IBB Offered to Make me Interim Govt Head

A former Secretary to the Government of the Federation and former All Peoples Party’s presidential candidate in the 1999 presidential election, Chief Olu Falae, has revealed that former military dictator, Gen. Ibrahim Babangida (retd.), offered to hand over power to him as the head of the Interim National Government.

Babangida ruled Nigeria from August 27, 1985, when he overthrew then Major General Muhammadu Buhari in a coup, till August 27, 1993, when he stepped aside, having annulled the elections held on June 12 that year.

Falae was reacting to the comment made by a former Chief of Army Staff, Lt. Gen. Ishaya Bamaiyi (retd.), in his new book, “Vindication of a General,” launched last Thursday in Abuja, where he (Bamaiyi) blamed Babangida for the indiscipline in the armed forces. Bamaiyi, who was detained for years and tried for attempted murder, attributed his travails to his opposition to Obasanjo’s candidacy and his support for Falae.

Bamaiyi in his book said he had supported Falae when he discovered that those who annulled the June 12, 1993 election wanted to “arrange” a president for the South-West.

“I decided to take Chief Olu Falae to Gen. Abdulsalami Abubakar and only Abubakar and I discussed this issue. I do not regret that action because I was and I am convinced Falae would have done better as president of our great country. I am glad those behind Obasanjo knew (sic) better,” he said on page 120 of the book.

While reacting to revelations contained in Bamaiyi’s book, however, Falae revealed that Babangida offered to hand over power to him, a statement which confirmed the rife suspicion by many Nigerians then that Falae was being considered for the job.

“I was indeed offered, but I declined,” Falae said. “Because I was the one who physically took Abiola to the Social Democratic Party in General Adebayo’s house in Ikeja. I was a presidential aspirant in the SDP with Shehu Musa Yar’Adua and 10 others before Abiola came in. It was when we were disqualified that Abiola came in; he was not a member of the SDP, it was my own Olu Falae Campaign Organisation nationwide that I handed over to Abiola that he used to win the nomination.

“All my supporters like Alhaji Abubakar Rimi, Yohanna Madaki, Adebayo, to mention a few, were all my supporters whom I handed over to Abiola to constitute his own campaign committee and at the Jos convention of the SDP, when the thing was deadlocked, I addressed my supporters to support Abiola and he won the nomination.

“So having done all that, how could I have come and take the offer of interim head in a government designed to deny him his mandate? I am not that kind of a person. Integrity requires that I did not even consider it and I did not.”

Asked about the role he played in the annulment of the June 12 election, the former SGF said, “Don’t forget that I had left government three years before the annulment. I left government in August 1990; annulment was in 1993, I was no longer in government, I was already participating in politics. I had aspired to run for the presidency before Abiola came into politics.

“At that time, I was no longer close to Babangida as you were supposing and I was no longer one of those consulted by the government before taking any decision. The annulment came to me as a surprise.”

Bamaiyi also said a former Head of State, Gen. Yakubu Gowon (retd.), was the first Nigerian leader to encounter the problem of indiscipline in the armed forces.

He said that Gowon, however, made efforts to restore discipline in the armed forces.

He said the indiscipline continued when Babangida stepped aside as President.

Bamaiyi added that IBB implemented one of the longest and “uncertain transition programmes in Nigeria’s history.”

He also shed light on the strategy allegedly deployed by former generals to ensure the emergence of a former military Head of State, Gen. Olusegun Obasanjo, as the country’s president in 1999.

Bamaiyi claimed that a former Head of State, Gen. Abdulsalami Abubakar (retd.), who was in power at the time; Babangida; ex-Minister of Defence, Gen. Theophilus Danjuma (retd.); and a former National Security Adviser, Gen. Aliyu Gusau, developed and executed the plan that helped Obasanjo to return to power as a civilian president in 1999.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Netanyahu

Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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